We expect Ethereum prices to appreciate in the days to come especially if we view price action from the weekly chart. So, when we see retracement as such, Ethereum buyers should be preparing to ramp up at cheaper prices with fine tuning happening in lower time frames. In my view, potential support lies at $550 and that’s where buyers should pick up buy signals and aim for $850. Otherwise, ideal entries for cautious traders should be above $650.

We cannot refute Ethereum possibilities. It did not only allow for wholesale tokenization but with smart contract, there is innovation and creation of new opportunities. While this has been revolutionizing, the limitation of throughput has been a major concern. A slow throughput inevitably leads to network congestion as more people utilize this platform. As it is Ethereum can handle a maximum of 15 TPS meaning it cannot compete with other networks as Tron who promises high throughput up-to 10,000 TPS for their DApp developers. This is the exact reason why Vitalik Buterin and Ethereum developers are hard at work searching for scaling and throughput solutions.